FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.
December 19, 2024Search
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Brian Antonellis of Fleet Advantage and TMC General Chairman Radu Mihai discuss the urgent need for targeted training programs for heavy-duty technicians that build a capable, future-ready workforce.Â
Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.
March 28, 2022Knight-Swift Transportation Acquires AAA Cooper
Knight-Swift Transportation Holdings has announced a deal to acquire less-than-truckload specialist AAA Cooper Transportation.
July 6, 2021Class 8 Sales in May Jump 98.4% Year-Over-Year
U.S. Class 8 retail sales in May cleared 18,000 and trounced year-earlier levels that had plunged amid the pandemic, WardsAuto .com reported.
June 10, 2021Navistar, GM Cooperate on Fuel Cell System for Class 8 in 2024
Navistar Inc. announced it intends to produce a zero-emission longhaul truck using fuel cell systems supplied by General Motors and will have an International RH Series FCEV model commercially available in 2024.
January 27, 2021TFI Buys UPS Freight for $800 Million
TFI International Inc. is acquiring UPS Freight in an $800 million deal announced Jan. 25.
January 25, 2021XPO Logistics Plans to Split Into Two Companies
XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
December 2, 2020TuSimple Partners With Major Fleets to Launch Autonomous Freight Network
Self-driving truck developer TuSimple has partnered with four major transportation companies to launch a logistics network for its highly automated trucks, marking a new phase in its push to bring its technology to market in the coming years.
July 1, 2020Trump Praises Trucking Industry’s Pandemic Response at White House Event
President Donald Trump commended America’s truckers for their dedication while serving as essential workers on the front lines of the coronavirus pandemic during a presentation at the White House April 16.
April 16, 2020Celadon Files for Bankruptcy, Shuts Down
Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.
December 9, 2019